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What is the number of shares that should be used

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Reference no: EM132745408

Question - Strait Company has outstanding shares as follows: 16,000 common shares and 5,000 preferred shares. What is the number of shares that should be used in the denominator to compute earnings per share?

a. 5,000

b. 16,000

c. 11,000

d. 21,000

Reference no: EM132745408

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